this post was submitted on 07 Nov 2024
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Economy

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[–] BananaTrifleViolin@lemmy.world 11 points 1 year ago

The US will be the main casualty of its own policies if trump follows through. There will be some short term damage to the EU and other European nations, but the main effect will be to turn those countries further away from the US to look at the rest of the world for growth and opportunities.

The bigger impact will be on US inflation, government debt and long term economic growth.